Nelnet (NNI) Scheduled to Post Earnings on Thursday

Nelnet (NYSE:NNI) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Nelnet to post earnings of $1.36 per share for the quarter.

Nelnet (NYSE:NNI) last issued its quarterly earnings data on Thursday, August 8th. The credit services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.13). The firm had revenue of $324.90 million during the quarter. Nelnet had a net margin of 7.44% and a return on equity of 4.71%. On average, analysts expect Nelnet to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Nelnet Trading Up 0.4 %

Shares of NYSE:NNI opened at $114.39 on Thursday. The company has a market cap of $4.15 billion, a PE ratio of 27.37 and a beta of 0.92. The company’s 50-day moving average price is $112.55 and its 200 day moving average price is $106.64. Nelnet has a fifty-two week low of $82.22 and a fifty-two week high of $116.13. The company has a quick ratio of 33.51, a current ratio of 33.51 and a debt-to-equity ratio of 2.97.

Nelnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.28 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.12 annualized dividend and a yield of 0.98%. Nelnet’s dividend payout ratio is presently 26.79%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com downgraded shares of Nelnet from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. TD Cowen boosted their price target on shares of Nelnet from $96.00 to $98.00 and gave the stock a “hold” rating in a research report on Monday, August 12th.

About Nelnet

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.